Tuesday saw a small decline in US markets as Wall Street attempted to recover from a tech-led decline in the latter part of 2025.
The S&P 500 (^GSPC) declined 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) fell 0.2%. The Dow Jones Industrial Average (^DJI), which is dominated by blue chips, fell 0.2%.
Nvidia (NVDA) and Tesla (TSLA) led megacaps lower on Monday after a slight rotation out of tech stocks, causing the major Wall Street indexes to drop for the third day in a row.
Before the year ends, traders are reevaluating and possibly taking profits. After a rough day for that trade, precious metals saw a recovery.
Following the metal's largest one-day decline in more than five years, silver (SI=F) futures surged by more than 7% on Tuesday morning. Futures for gold (GC=F) increased by about 1.3% as well.
There was disagreement among FOMC members on their decision to lower rates earlier this month, according to the Federal Reserve's December meeting minutes.
According to the minutes, further reductions are only possible if inflation declines. According to the minutes, "most participants judged that further downward adjustments to the target range for the federal funds rate would likely be appropriate if inflation declined over time as expected."
Although traders are roughly evenly divided on what the committee will do in March, 84% of bets are on the Fed maintaining current interest rate levels next month.
